Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. There is hereby established in the town of Wareham a Community Events Fund to receive revenue under section 3A of chapter 64G of the General Laws and revenue from the parking meters in the town, as set forth in section 2 of this act; and said town may appropriate monies in the fund to sponsor and support community events, projects, activities, services, programs and public improvements which are of mutual interest to the visitors to, and residents of, the town.
SECTION 2. Seventy per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Wareham, and 40 per cent of the revenue deposited in the Wareham parking meter fund for the fiscal year beginning July 1, 2007, shall be credited to the Community Events Fund.
SECTION 3. This act shall take effect upon its passage.
Approved April 15 , 2008